Update lecture supply_demand_multiple_goods #219
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| @@ -171,6 +191,57 @@ Verify that setting $\mu=2$ in {eq}`eq:old3` also implies that formula | |||
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| ```{code-cell} ipython3 | |||
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The class ExchangeEconomyand its examples are shifted from lecture supply_demand_heterogeneity and simplified under the current setup (TODO need to be verified again).
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| Here is an instance of the risk economy: | ||
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The example and exercise are followed from Tom's advice on exercises in the text.
| Here we define a class ``ProductionEconomy``. | ||
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| ```{code-cell} ipython3 | ||
| class ProductionEconomy: |
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The class ProductionEconomy and its examples are moved directly from the lecture supply_demand_heterogeneity.
I suggest we delete this class in the lecture supply_demand_heterogeneity in the following PR:
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| #### Example: Single Agent with One Good and with Production |
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These examples, which are for single agent and single good, could be linked back to supply_demand_intro.
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Good idea, only if you have time.
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Change capitalization of section titles: https://manual.quantecon.org/styleguide/writing.html#titles-and-headings
Thanks @jstac . Done.
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| Then define a function that plots demand and supply curves and labels surpluses and equilibrium. | ||
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| ```{code-cell} ipython3 |
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I suggest we hide the code cell here.
| Here is a function that plots the demand, marginal cost and marginal revenue curves with surpluses and equilibrium labelled. | ||
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| ```{code-cell} ipython3 | ||
| def plot_monopoly(PE): |
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Could hide the code cell here as well.
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Change capitalization of section titles: https://manual.quantecon.org/styleguide/writing.html#titles-and-headings |
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In code, change Pi to |
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Before the code cell that starts "class ExchangeEconomy:", please add "Here is a class that computes competitive equilibria for our economy." |
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Great job @shlff ! Please see my minor comments above. |
Done. Also I changed Same applied to:
Done. |
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Thanks @jstac . I've made the changes as you suggested as well as some additional improvements.
This PR is ready for review. Here is a preview:
Looking forward to your further comments.
| In a single good case, this equilibrium is associated with a higher price of the good. | ||
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| ```{code-cell} ipython3 | ||
| class Monopoly(ProductionEconomy): |
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Thanks for your advice today @jstac .
Here I define an inheritance class called Monopoly from the class ProductionEconomy.
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Very good work @shlff , many thanks. This is looking good. |
Hi @jstac this PR updates code and context in lecture
supply_demand_multiple_goods.The code and example are partially shifted and simplified from the lecture supply_demand_heterogeneity.
Looking forward to your comments.